Integrated Annual Report and Remuneration Report 2020

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Board of Directors’ Report

In a challenging environment shaken by the Covid-19 pandemic, Vetropack Group achieved an EBIT margin of 11.5% (2019: 12.5%). Consolidated net sales stood at CHF 662.6 million (2019: 714.9 million). At the end of the year, the Group acquired a glass works in Moldova in a takeover which was financed by the Group’s own funds.

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Keyfigures 2020

The year 2020 in figures

Net Sales in CHF millions

662.6

– 7.3%

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EBIT in CHF millions

76.1

– 14.9%

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Consolidated Profit in CHF millions

81.2

+ 12.2%

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Cash Flow* in CHF millions

141.2

– 7.9%

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Investments in CHF millions

73.7

– 40.4%

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Production in 1000 metric tons

1416

– 3.0%

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Exports in %

43.1

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Number of Employees

3882

+ 15.3%

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Product news 2020

New in our assortment

Facts & Figures

Vetropack at a glance

On 10 December 2020

55 %

Use of recycled glass in the production process

4.86

Unit sales every year in billions

662.6

Net sales in CHF millions

10

Locations in Europe

> 2,500

Different glass packaging products

3,882

Employees

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Vetropack Holding Ltd   Bülach (CH) 
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Vetropack Holding Ltd is a Swiss company that operates internationally. Together with its subsidiaries, it produces glass packaging for the food and beverage industry. Vetropack Holding’s administrative headquarters are based in Bülach in the canton of Zurich, while its registered office is in St-Prex in the canton of Vaud. In 2020, Vetropack Holding Ltd employed 70 people. The company is listed on the SIX Swiss Exchange.

Vetropack Ltd Bülach and St-Prex (CH)
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Vetropack Ltd produces, sells and distributes glass packaging in Switzerland. Our glassworks is at our site in St-Prex in the canton of Vaud and our sales offices are in Bülach near Zurich.

Founded

1911

Takeover by Vetropack

Parent company

Area

106 000 m 2

Number of furnaces

1

Number of production lines

4

Net sales 2019 in CHF millions

88.6

Employees as at 31.12.2019

204

Vetropack GmbH Pöchlarn and Kremsmünster (AT)
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Vetropack Austria GmbH produces glass packaging in Austria. We sell and distribute our goods in Austria and on selected export markets. Our sites are located in Pöchlarn (Lower Austria) and Kremsmünster (Upper Austria).

Site Pöchlarn 

Founded

1980

Takeover by Vetropack

1986

Area

137 000 m 2

Number of furnaces

2

Number of production lines

7

Net sales Vetropack Austria GmbH 2019 in EUR millions

202.6

Employees Vetropack Austria GmbH as at 31.12.2019

711

Site Kremsmünster 

Founded

1954

Takeover by Vetropack

1993

Area

147 000 m 2

Number of furnaces

3

Number of production lines

7

Net sales Vetropack Austria GmbH 2019 in EUR millions

202.6

Employees Vetropack Austria GmbH as at 31.12.2019

711

Vetropack Moravia Glass, a.s. Kyjov (CZ)
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Vetropack Moravia Glass, a.s., produces, sells and distributes glass packaging in Czech Republic. Our site is in Kyjov.

Founded

1883

Takeover by Vetropack

1991

Area

160 000 m 2

Number of furnaces

2

Number of production lines

7

Net sales 2019 in CZK millions

2 398.7

Employees as at 31.12.2019

467

Vetropack Straža d.d. Hum na Sutli (HR)
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Vetropack Straža d.d. produces, sells and distributes glass packaging to the Croatian domestic market as well as to the neighbouring markets in Slovenia, Hungary, Bosnia, Serbia and other countries in South-Eastern Europe. Our site is in Hum na Sutli.

Founded

1860

Takeover by Vetropack

1996

Area

169 400 m 2

Number of furnaces

3

Number of production lines

11

Net sales 2019 in HRK millions

862.5

Employees as at 31.12.2019

588

Vetropack Nemšová s.r.o. Nemšová (SK)
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Vetropack Nemšová s.r.o. produces, sells and distributes glass packaging in Slovakia. Our site is in Nemšová.

Founded

1902

Takeover by Vetropack

2002

Area

185 360 m 2

Number of furnaces

2

Number of production lines

7

Net sales 2019 in EUR millions

65.2

Employees as at 31.12.2019

378

PrJSC Vetropack Gostomel Gostomel (UA)
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PrJSC Vetropack Gostomel Glass Factory produces, sells and distributes glass packaging in Ukraine. Our site is situated in Gostomel.

Founded

1912

Takeover by Vetropack

2006

Area

229 600 m 2

Number of furnaces

3

Number of production lines

8

Net sales 2019 in UAH millions

2 416.7

Employees as at 31.12.2019

631

Vetropack Italia S.r.l. Trezzano sul Naviglio (IT)
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Vetropack Italia S.r.l. produces, sells and distributes glass packaging mostly in Italy. Our site is in Trezzano sul Naviglio.

Founded

1960

Takeover by Vetropack

2015

Area

88 700 m 2

Number of furnaces

2

Number of production lines

6

Net sales 2019 in EUR millions

78.8

Employees as at 31.12.2019

290

Glass Container Company S.A. Chişinău (MD)
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The new Vetropack company joined the Group in December 2020. It produces approximately 100,000 tonnes of glass packaging for the food and beverage industry annually, which is sold in both a growing domestic and export market. The glassworks is located in Chişinău and employs 504 people.

Müller + Krempel Ltd Bülach (CH)
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The trading company Müller + Krempel Ltd, a member of Vetropack Group, is one of Switzerland’s leading service providers for packaging for the food, pharmaceutical and cosmetics industries. In 2020, the company employed 12 people and achieved net sales of CHF 12,3 million.

Impressions 2020

Vetropack stories

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Bülach site: Great Place to Work®

The Vetropack Bülach site in Switzerland was recognised as a Great Place to Work® . This certification signifies an excellent work place and a culture of trust. Vetropack is delighted that the location meets the demanding criteria.

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160 years of glass production in Hum na Sutli

Vetropack Straža is celebrating its 160 th anniversary. In 1860, the Bavarian industrialist Michael von Pochinger built a small glass factory in Hum na Sutli and named it after the land on which it was located – “Straža”. The factory has an eventful history to look back on.

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VIP Glass

With the arrival of Daniel Egger as Head of VIP Glass, the next phase of VIP Glass was initiated. The aim is to develop the VIP Glass process from a pilot process to a fully industrialised process in the coming years.

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Vetropack Nemšová: Investor of the Year 2020

This year, in its 23rd year, the magazine Trend announced awards for extraordinary business achievements for companies and managers in Slovakia. Readers, important business personalities and partners of the competition selected in the Manager of the Year and Investor of the Year survey.

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Vetropack Switzerland installs label remover

Glass production in St-Prex is up to 80% based on used glass. This means that 100,000 tonnes of used glass is melted down every year. Early in the summer, Vetropack set up a label removal system at its glassworks in St-Prex in order to process the used glass supplied more efficiently.

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The Austrian State Prize for Smart Packaging – awards for Vetropack Austria

The Austrian State Prize for Smart Packaging – Austria's oldest state accolade – was awarded this year for the 59th time. The aim of this prize is to highlight modern solutions in the packaging sector that meet environmental criteria while also fulfilling high functional and design requirements.

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Sustainable forklift trucks: Conserving resources and improving ride comfort at the same time

In the Vetropack Group, sustainability has for some time no longer been limited to just the production process. All production workflows are regularly examined and adjusted with regard to their energy efficiency. For example, Vetropack’s plants in Austria and Croatia are the first in the Group to switch to electric forklift trucks.

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Group-wide training centre

The Vetropack Group training centre in the Austrian town of Pöchlarn entered its third year in 2020 with very positive results. The on-the-job training courses for production employees again met with great interest in the year under review. Glass-specific know-how, efficiency, quality and output took centre stage.

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Vetropack Switzerland investing in new glass sorting machines

Recycling used glass has hugely improved the environmental footprint of glassmaking within just a few decades. However, the used glass contains a considerable amount of foreign substances that increase production costs. This is why the Vetropack plant in St-Prex purchased two glass sorting machines last year.

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Vetropack Austria: Renovating the white glass line at the Pöchlarn plant

The replacement of the white glass line at the Pöchlarn plant took just 28 days to complete. On the one hand, the comprehensive modernisation boosts line utilisation and expands white glass production capacities. On the other, it provides improved ergonomic conditions for the line staff and, not least, increased occupational safety.

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Climate neutrality requires cooperation

Vetropack is working with the Elogate transport management platform to reduce its environmental footprint. The platform shows where the company currently stands and what impact has been made by which improvements.

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